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Tata Motors sees modest trading activity, market cap holds strong

EditorAmbhini Aishwarya
Published 24/11/2023, 05:22 pm
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MUMBAI - Tata Motors (NYSE:TTM) Limited (BSE:TATAMOTORS) witnessed a slight fluctuation in its share price during today's trading session, with the stock closing at ₹681.1, a minor dip of 0.18% from its opening price of ₹682.15. The automotive giant's shares ranged between ₹677.1 and ₹685.9 throughout the day on the Bombay Stock Exchange (BSE), with a trading volume of 343,592 shares.

In parallel, Tata Motors' Differential Voting Rights (DVR) shares (BSE:TATAMTRDVR) experienced a slight uptick, closing at ₹460.6 per share, marking a gain of 0.12%. The DVR shares opened the day at ₹462.25 and saw a high of ₹463.5 and a low of ₹458.5, with 76,715 shares changing hands.

Despite the modest movements in share prices, Tata Motors maintains a robust market capitalization, with the standard equity shares valued at ₹260,457.38 crore and DVR shares at ₹176,671.21 crore (INR100 crore = approx. USD12 million). The company's performance over the past year has seen its share price range from a low of ₹375.5 to a high of ₹687.55 for standard equity and from ₹190.65 to ₹466.95 for DVR shares.

InvestingPro Insights

Tata Motors Limited continues to demonstrate resilience in the market, as reflected in today's trading session. For investors looking for deeper insights, InvestingPro offers valuable metrics and tips. Revenue growth for Tata Motors has been accelerating, an indicator of the company's increasing market reach and improving sales performance. This is complemented by a high return on invested capital, suggesting efficient use of funds to generate profits.

InvestingPro Tips highlight that Tata Motors' strong earnings should allow management to continue dividend payments, offering an attractive proposition for income-focused investors. Additionally, the company is recognized as a prominent player in the Automobiles industry, which may reassure investors of its competitive position in the market.

Key real-time data metrics from InvestingPro reveal that Tata Motors closed with a market cap of ₹225,900.94 crore, a testament to its significant industry footprint. The Price-to-Earnings (P/E) ratio stands at 14.73, and earnings per share (EPS) are reported at 46.15, both metrics underscoring the company's profitability and potential value to shareholders.

Investors interested in a deeper dive into Tata Motors can explore additional InvestingPro Tips. Currently, there are 18 more tips listed on InvestingPro, which could provide further insights into the company's financial health and stock performance. With the InvestingPro subscription now on a special Black Friday sale offering a discount of up to 55%, it's an opportune time for investors to access these valuable tips and enhance their investment strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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